MicroStrategy's Profitable Bitcoin Strategy. 🪙
- MicroStrategy is a major player in the Bitcoin market and has consistently invested in Bitcoin since 2020.
- In its most recent move, MicroStrategy acquired approximately 5,445 Bitcoins for approximately $147.3 million between August and September 2023.
- As of September 24, 2023, MicroStrategy owns approximately 158,245 Bitcoins, which were bought at an approximate price of $4.68 billion.
- The recent surge in Bitcoin's price has brought profitability to MicroStrategy, with a total profit of about $67.4 million as Bitcoin hovers around $30,000.
- Despite market fluctuations, MicroStrategy's long-term Bitcoin strategy appears to be paying off, with the potential for significant gains in the event of a new Bitcoin bull run.
- Financial analysts suggest that Bitcoin is in a prime position for a price surge, potentially reaching a new all-time high, especially with the anticipation of a spot Bitcoin ETF approval from the US SEC.
MicroStrategy's dedication to Bitcoin investment and its ability to capitalize on price movements highlight the company's belief in the long-term value of cryptocurrencies.
